South Korea fines Denso, Continental, Bosch units for price collusion

South Korea’s anti-trust regulator has fined the units of Denso Corp, Continental AG and Bosch a total of 114.6 billion won ($107.99 million), saying they had fixed prices of parts sold to Hyundai Motor Co. Among the components affected globally are seat belts, radiators, windshield wipers, air-conditioning systems, power window motors and power steering components. South Korea’s Fair Trade Commission (FTC) said on Monday the units of Denso, Continental and Bosch had rigged prices of instrument panels and wipers sold to Hyundai and affiliate Kia Motors.


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